Identifying the Pros & Cons of Co-Signing a Home Loan
By iMoney - Singapore  •  July 14, 2014

Couple signing sales contract at car dealer

Co-signing happens when somebody promises to back up a loan for somebody else. Somebody may ask you if you’ll co-sign a loan for them. They’re asking you to become legally liable to pay off a debt if they are unable to pay it off themselves. This page discusses co-signing from a co-signer’s perspective.

A home loan is a monumental financial commitment in the life of a Singaporean that becomes the core tenet of their budget plans in the long run. Unfortunately, the property rates in Singapore are so costly that you need to be born with a golden spoon instead of a silver one to purchase a home without getting a long-term home loan. Shouldering the burden of home loan debt can often prove to be too exasperating to bear, especially when you are living in the world’s most expensive city.

Keeping this under consideration, numerous financial institutions have rolled ...

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By iMoney - Singapore
Making things simple enough so you have the power to always make the right decision with your wallet.
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